KHC Mortgage Interest Rates as of 11/20/09, 9:00 a.m. ET
Rates subject to change without notice.
NEW REDUCED MRB RATES
All borrowers must have a credit score of at least 700
Cannot obtain KHC-funded down payment assistance
Effective with reservations made Wednesday, October 28, 2009 and after
Loan Type
|
Regular Rate
|
Zero-Point Rate
|
Government Rates
|
4.875%
|
5.250%
|
Current Mortgage Revenue Bond (MRB) Interest Rates
Loan Type
|
Regular Rate
|
Zero-Point Rate
|
*Government Rates
|
5.125%
|
5.500%
|
**Conventional
|
See Secondary Rates
|
See Secondary Rates
|
$8000 first-time homebuyer tax credit is allowed for this funding source (for closings between January 1, 2009 to November 30, 2009) - tax credit applied for at time of tax preparation not closing
*Government includes FHA, VA and RHS products.
**Conventional product is no longer available under MRB program - must go Secondary Market.
Current Secondary Market Mortgage (Cash Window) Interest Rates
(Refinances & Purchases)
Loan Type
|
1 YSP
|
MCM 97 (103 CLTV)
|
5.250%
|
Simplified pricing includes LLPA and Adverse Market Fee
No price adjustments for LTV, loan amount or credit score
30-day lock
Reduced MI - 18% coverage on 97% LTV
Down payment assistance available for purchases - maximum CLTV 103%
MCM limited cash-out refinance (maximum LTV/CLTV 95%)
Minimum credit score 660 - 40/45% ratios
DU approval required - no expanded approvals
$8000 first-time homebuyer tax credit is allowed for this funding source (for closings between January 1, 2009 to November 30, 2009) - tax credit applied for at time of tax preparation not closing